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by fox news channel] david: the fix for america's money fix is cutting welfare spending. that's a forbes flip side sure to get you fired up. hi, everybody. i'm david asman. welcome to "forbes on fox." california is slashing welfare to save money. and, jack, you say all of america should do the same? >> absolutely. california is going to emerge from this budget crisis stronger in a couple of years' time because they've been forced to make hard decisions. one of those is cutting welfare. its welfare budge set $10 billion for 2010. they're going to have to trim that to become solvent. we can all take an example of that. yes, you need some short-term solution for unemployment benefits when people lose their jobs. but after that, encourage them to get back at work. at least have contingency that encourage looking for a job. david: so we should follow you in california? >> this is not born out by the fact. california kicked the can down the street. they borrowed from municipalities, cut $15 billion from education. at the last minute headlines by cutting against welfare. but what did he cut? he
message for america? >> right message for ten million dollar people, wrong message for america, if you want to spend your money, go out and buy something you need. i have a 15 grrbld cd should i upgrade.... >> wait for cash for klujers for tv. that is surely coming. >> this invite message but he is not sending a message to america, she sending a message to employees. there is a lynch mob out there. don't get hung while you are doing work. goldman sachs is the greatest company in the capital market. if you wanted to share in their success, buy the stock. >> the stock has been on a tear recently but quentin, right or wrong message? >> look, goldman sachs was owed $6.35 billion by aig and they got it because gostz rescued aig. then they did an accounting move and hide all their losses in a previous year. now, they can't even say thank you by giving a little more money to americans hard working ferari dealers, you call that gratitude? >> at least they can do if they are making all this money, they could spend a little and share it with us. the bottom line, this is pr? they are afraid of th
states in north america, the but, primarily, it is going to asia. where they have no pollution control. >> we find that california had lost about 25% of its employment, employment and manufacturing sector, and among them, about 33% losses occur in the high-tech sectors. >> reporter: according to a new milliken institute study, california has had close to 80,000 jobs -- shed close to 80,000 jobs over a five year period faster than the national average and research blames the loss on the state's costly environmental and labor regulations. and, the highest industrial tax rate in the u.s. but, some economists argue sacramento simple play cannot afford to cut taxes right now. >> can our business environment be improved? absolutely! would it be good for the state? absolutely, can manufacturing be fostered? absolutely, is this the time to be worrying about this? absolutely not. >> reporter: what has some analysts concerned are federal government plans to adopt national emissions standards. and other regulations and fees similar to california. the concern is that it will lead to huge losses, i
mean, 20% of the people in america don't have health insurance. it's a major impediment to people starting small businesses because they remain with these very large companies and won't go out on their own. entrepreneurship is not going to come from the private sector. it's going to come from the government nationalizing our health insurance system. david: that 20% figure is pretty high even if you believe the 47 million figure. >> absolutely. look. half the people without insurance right now could get it if they so wanted it. what we're talking about is overhauling the entire system for the sake of less than 1% of the people in the country. so, you know, 1% to 10%. it's an argument i think that is won by the private market. david: quentin hardy has been mulling all this over. he has put it together. go ahead, quentin. >> how much waste and fraud is there in the private sector, in the insurance industry among private hospitals in america. >> lots. >> when you talk about it in medicare, you really do need to have some kind of standard against how the private sector is performing. n
uncovered proving once and for all it is tax cuts. >> from america's news headquarters i'm jamie colby. mu reports about a russian ship that had vanished. it is known as the arctic sea and disappeared last month. now finland investigators say a ransom demand has been made. it was sent to the shipping company based in finland but russia areas maritime website says it is detecting signals off the french coast. france saying the signals must be coming from other russian ships. the intense wildfires burning out of control in california are being fueled by strong winds. state officials are very concerned that the winds could spark more fires. the wildfires are forcing more evacuations in airs already under a state of emergency and the california governor is expected to visit the fire zone today. now "forbes on fox" only on fox. i'm jamie colby. keep it right here. david: what is the best way to get americans back to work? cutting taxes or more government spending? we actually crunched some numbers and found several states lowering taxes this career, arizona, arkansas, idaho, maine, north dakota
Search Results 0 to 6 of about 7 (some duplicates have been removed)

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